Manufacturing Expanded in January, ISM Says

U.S. manufacturing activity rebounded in January, fueling optimism about the global economy, though American business executives and economists expect a slow recovery by the nation's factories.

The Institute for Supply Management's manufacturing index rose 2.9 points to 53.1, the second consecutive month of growth and the highest level since April 2012. Readings above 50 indicate expansion. The report came amid signs that factory...